The Canada retail market was valued at USD 795.57 Billion in 2024. The market is further projected to grow at a CAGR of 4.90% between 2025 and 2034, reaching a value of USD 1283.61 Billion by 2034.

In 2022, retail trade sales in Canada amounted to approximately ***** billion Canadian dollars, up from *** billion recorded a year earlier. This represents an increase of approximately ** percent in comparison to 2021. Retail in Canada The Canadian retail trade industry constantly grew between 2012 and 2019. In that year retail trade sales increased by *** percent from 2018. In 2020, however, sales decreased by nearly *** percent amidst the coronavirus (COVID-19) pandemic. Motor vehicle and parts dealers retail sales declined nearly **** percent in 2020, while new car dealers, which accounted for about ** percent of total retail sales, declined nearly ** percent. In contrast, retail sales in other sectors such as supermarkets, and building material and garden equipment suppliers were impacted positively in 2020. Sales at supermarkets and other grocery stores increased nearly ** percent as they were essential at the start of the pandemic. On the other hand, with consumers spending more time at home, sales at building material and garden equipment suppliers grew significantly. The year-over-year change was around ** percent in 2020, but the month-over-month change increased by nearly ** percent in December 2020 against December 2019.

In Canada Retail Market is projected to grow from USD 2.3 trillion in 2025 to USD 3.7 trillion by 2031, at a CAGR of 8.2%

Key information about Canada Retail Sales Growth

• Canada Retail Sales grew 1.1 % YoY in Apr 2023, compared with a 0.3 % increase in the previous month.
• Canada Retail Sales Growth YoY data is updated monthly, available from Jan 1992 to Apr 2023, with an average growth rate of 4.6 %.
• The data reached an all-time high of 32.1 % in Apr 2021 and a record low of -19.2 % in Apr 2020.
• In the latest reports, Car Sales of Canada recorded 148,815.0 units in Apr 2023, representing a growth of 4.1 %.

CEIC calculates monthly Retail Sales: Excl. Motor Vehicles Growth from monthly Retail Sales. Motor Vehicle and Parts Sales are subtracted from Total Retail Sales. Statistics Canada provides Total Retail Sales and Motor Vehicle and Parts Sales in local currency. Retail Sales: Excl. Motor Vehicles Growth prior to January 2018 is based on NAICS 2017.

In 2024, retail e-commerce in Canada was forecast to generate over **** billion U.S. dollars in revenues. According to estimates, this figure is projected to increase to *** billion U.S. dollars by 2029. Successful e-commerce segments in Canada Canada's booming e-commerce sector owes more than half of its retail sales to two particularly lucrative segments: fashion and electronics, which captured ** and ** percent of all e-commerce retail sales in Canada in 2022, respectively. With nearly ** billion U.S. dollars in e-commerce net sales, Amazon was the leading online store in Canada in 2021, outperforming competitors like Walmart and Costco by an impressive margin. Ranking second, walmart.ca generated around **** billion U.S. dollars in e-commerce net sales that year. Fashion leads the way Fashion proved to be a successful e-commerce segment in many countries around the world, and Canada was no exception, as the most popular online stores in the fashion segment raked in millions of dollars in e-commerce net sales, led by gapcanada.ca with *** million U.S. dollars in 2021. Like many other countries in the world, Canada's fashion e-commerce sector was also disrupted by a Chinese newcomer that catapulted itself to the centerstage of the fast fashion world: Shein was the most downloaded fashion and beauty shopping app in Canada in June 2022, with its ******* monthly downloads overshadowing those of competitors. In comparison, long-established fast fashion titan Zara only amassed ****** downloads that same month.

This statistic shows the distribution of retail market sales in Canada in 2016, by sector's share. In that year, the food sector in Canada accounted for ** percent of retail sales, while health and beauty personal care sales held ***** percent of the retail market.

In Canada Smart Retail Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision.

The revenue change in the e-commerce market in Canada was forecast to continuously decrease between 2025 and 2029 by in total *** percentage points. According to this forecast, in 2029, the revenue change will have decreased for the fourth consecutive year to **** percent. Find other key market indicators concerning the user penetration and number of users. The Statista Market Insights cover a broad range of additional markets.

“Canada: Retail – Market Shares, Summary & Forecasts to 2023” provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to Canada retail environment. In addition, it analyzes the key consumer trends influencing Canada retail industry: Read More

In Canada Retail Banking Market is projected to grow from USD 1.32 trillion in 2025 to USD 1.95 trillion by 2031, at a CAGR of 6.8%

As of *********, there were approximately **** thousand micro retail trade establishments in Canada, each employing between *** and **** people. Conversely, there were only about ** retail establishments that employed *** people or more in the whole country.

Retail Trade, sales by industries based on North American Industry Classification System (NAICS), monthly.

This table contains 7 series, with data for years 1991 - 2004 (not all combinations necessarily have data for all years), and was last released on 2004-05-25. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Retail trade sectors (7 items: Total retail; all stores;Automotive;General merchandise stores;Food ...).

Canada Retail Analytics Market growth is driven by increasingly digital and customer-centric, data analytics will be a key driver in enabling agility, personalization, and profitability across the sector.

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Retail Analytics Market Size 2025-2029

The retail analytics market size is forecast to increase by USD 28.47 billion, at a CAGR of 29.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing volume and complexity of data generated by retail businesses. This data deluge offers valuable insights for retailers, enabling them to optimize operations, enhance customer experience, and make data-driven decisions. However, this trend also presents challenges. One of the most pressing issues is the increasing adoption of Artificial Intelligence (AI) in the retail sector. While AI brings numerous benefits, such as personalized marketing and improved supply chain management, it also raises privacy and security concerns among customers.
Retailers must address these concerns through transparent data handling practices and robust security measures to maintain customer trust and loyalty. Navigating these challenges requires a strategic approach, with a focus on data security, customer privacy, and effective implementation of AI technologies. Companies that successfully harness the power of retail analytics while addressing these challenges will gain a competitive edge in the market.

What will be the Size of the Retail Analytics Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by the constant need for businesses to gain insights from their data and adapt to shifting consumer behaviors. Entities such as text analytics, data quality, price optimization, customer journey mapping, mobile analytics, time series analysis, regression analysis, social media analytics, data mining, historical data analysis, and data cleansing are integral components of this dynamic landscape. Text analytics uncovers hidden patterns and trends in unstructured data, while data quality ensures the accuracy and consistency of information. Price optimization leverages historical data to determine optimal pricing strategies, and customer journey mapping provides insights into the customer experience.

Mobile analytics caters to the growing number of mobile shoppers, and time series analysis identifies trends and patterns over time. Regression analysis uncovers relationships between variables, social media analytics monitors brand sentiment, and data mining uncovers hidden patterns and correlations. Historical data analysis informs strategic decision-making, and data cleansing prepares data for analysis. Customer feedback analysis provides valuable insights into customer satisfaction, and association rule mining uncovers relationships between customer behaviors and purchases. Predictive analytics anticipates future trends, real-time analytics delivers insights in real-time, and market basket analysis uncovers relationships between products. Data security safeguards sensitive information, machine learning (ML) and artificial intelligence (AI) enhance data analysis capabilities, and cloud-based analytics offers flexibility and scalability.

Business intelligence (BI) and open-source analytics provide comprehensive data analysis solutions, while inventory management and supply chain optimization streamline operations. Data governance ensures data is used ethically and effectively, and loyalty programs and A/B testing optimize customer engagement and retention. Seasonality analysis accounts for seasonal trends, and trend analysis identifies emerging trends. Data integration connects disparate data sources, and clickstream analysis tracks user behavior on websites. In the ever-changing retail landscape, these entities are seamlessly integrated into retail analytics solutions, enabling businesses to stay competitive and adapt to evolving market dynamics.

How is this Retail Analytics Industry segmented?

The retail analytics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  In-store operation
  Customer management
  Supply chain management
  Marketing and merchandizing
  Others


Component

  Software
  Services


Deployment

  Cloud-based
  On-premises


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Application Insights

The in-store operation segment is estimated to witness significant growth during the forecast period. In the realm of retail, the in-store operation segment of the market plays a pivotal role in optimizing brick-and-mortar retail operations. This segment encompasses various data analytics applications with

Supermarkets and grocery stores have endured a transformative journey since 2019, shaped by the pandemic, geopolitical tensions and an ever-changing market landscape. Grocers first encountered unprecedented demand as lockdowns redirected consumers' spending from entertainment to at-home essentials. Sales spiked, but the boom was fleeting; by 2021, factors like declining disposable income and soaring food prices reversed the trend. Even post-pandemic, the industry is evolving—more consumers than ever are embracing online grocery shopping, prompting traditional retailers to bolster their digital presence. Those unable or unwilling to adapt were largely forced out, while the largest supermarket chains maintained dominance through aggressive merger and acquisition activity and by leveraging vertically integrated operations. This momentous period caused heightened revenue volatility that still persists. Revenue has been rising at a CAGR of 0.1% over the past five years and is expected to dip 0.9% in 2024 when revenue will reach $111.9 billion. Amid this transformation, significant profit disparities worsened in an incredibly concentrated industry. Geopolitical instabilities like the war in Ukraine intensified supply chain disruptions, impacting costs for retailers. Rising energy prices compound this issue, squeezing profit as transportation expenses mount. Meanwhile, climate change injects further unpredictability into production costs, forcing grocers to manage these pressures by cautiously adjusting consumer prices. A class-action lawsuit against Loblaw Cos. Ltd. underscores market concentration challenges, spotlighting potential anti-competitive behaviours and their implications. This legal scrutiny, combined with governmental pressure for price transparency, could foster a more equitable marketplace. Should dominant players like Loblaw adjust their pricing strategies, it may level the playing field for smaller competitors, expanding competition and consumer choice. Over the next five years, a stable economic backdrop will support modest revenue growth for supermarkets. As disposable incomes stabilize, a return to preferred brands could uplift grocers' revenue. A more tempered rise in food prices will allow for strategic pricing decisions, providing grocers with a favourable environment for maintaining consumer loyalty. Technological advancements will be pivotal, with retailers expected to deepen investments in e-commerce and in-store technologies like AI-powered inventory management. This investment will be crucial as online grocery shopping and big-box retailers thrive. Governmental regulatory efforts may also reshape industry dynamics, offering smaller grocers a greater chance to compete by enhancing pricing equity. Continued inventory diversification reflecting health-conscious consumer preferences will likely continue, driven by rising interest in plant-based and ethical products. Retailers that navigate these shifts adeptly, leveraging both technology and emerging consumer trends, are poised to gain a competitive edge. Revenue is forecast to climb at a CAGR of 1.7% over the next five years, reaching $122.0 billion in 2029.

The statistic shows the gross domestic product (GDP) at basic prices for the Canadian retail trade industry between January 2015 and November 2024, in billion Canadian dollars. In November 2024, the GDP for the retail trade sector stood at around *** billion Canadian dollars.

Canada Cloud Retail Market growth is driven by increasing digital transformation in the retail sector and the rising adoption of cloud technologies.

In 2023, the fashion segment in the e-commerce market in Canada generated the highest percentage of sales at **** percent. According to estimates of the Statista Digital Market Outlook, the sales percentage in the fashion segment is expected to decrease in the coming years, reaching about ** percent by 2028.

This table contains 1451 series, with data for years 1971 - 1989 (not all combinations necessarily have data for all years), and was last released on 2010-04-29. This table contains data described by the following dimensions (Not all combinations are available): Geography (18 items: Canada;Newfoundland and Labrador;Prince Edward Island;Nova Scotia ...), Type of retail store (34 items: Total retail; all stores;Combination stores;Grocery confectionery and sundries stores;All other food stores ...), Retail trade components (3 items: Chain;Independent;All stores ...), Adjustments (4 items: Unadjusted;Direct seasonally adjusted;Indirect seasonally adjusted;Seasonally adjusted ...).